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Keywords: local knowledge
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Journal Articles
Journal of Political Institutions and Political Economy (2024) 5 (2): 209–232.
Published: 16 October 2024
... holds approval power, reduces compensation for negative externalities and inhibits communication of local knowledge relative to a “decentralized” procedure in which the affected group holds decision-making power. These factors (inadequate compensation and less informed policy) induce conflicting...

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